In France “It takes even more courage then usual to be an entrepreneur” replied Marc Westermann, principal of telecommunications and internet corporation SFR Développement, when asked about the current climate for French-based start-ups.

In the recent Global Competitiveness Index 2012-2013, a report which globally ranks the pillars of institutions, in which each pillar represents an area considered as an important determinant of competitiveness. In this report  France was ranked 21st, sliding down three places from its position last year. The…

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